stablecoins | ForkLog

ForkLog 32 01.10.2021

Gold-backed stablecoin set to launch on the Cardano network

A Cardano-focused startup MELD, in partnership with Nigerian mobile operator Tingo Holdings and tokenization services provider Ubuntu Tribe, announced the creation of a gold-backed stablecoin.

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ForkLog 22 30.09.2021

US Senate calls for 100% cash backing of stablecoins

Stablecoin reserves must be 100% in cash and cash equivalents, with issuers becoming banks or money-market funds, she said, Bloomberg.

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ForkLog 38 24.09.2021

PBoC views cryptocurrencies as a threat to the traditional financial system

The rapid growth of cryptocurrencies and stablecoins threatens the traditional financial system, prompting the People's Bank of China (PBoC) to maintain a negative stance toward the class of digital assets. This was stated by Wen Xinxian, director of the regulator's Payments and Settlements Department.

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ForkLog 25 22.09.2021

Gensler calls stablecoins poker chips in a Wild West crypto casino

Chairman Gary Gensler, in a Washington Post interview, drew an analogy with the Wild West regarding consumer protection in the cryptocurrency market.

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ForkLog 20 20.09.2021

First US-based DAO files for token registration and trading

Registered in Wyoming as a DAO, The American CryptoFed filed with the SEC on forms 10 and S-1 to register and trade the algorithmic stablecoin Ducat and the associated governance token Locke.

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ForkLog 10 19.09.2021

Stablecoin market capitalization surpasses $120 billion

The aggregate market capitalization of the stablecoin market has surpassed $120 billion. More than half the supply (~$72 billion) is accounted for by the segment leader—Tether (USDT).

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ForkLog 20 17.09.2021

US Treasury to require stablecoin issuers to ensure their tokens can be freely converted into fiat

Holders of stablecoins should have the ability to freely convert their tokens into the assets backing them. This requirement appears in recommendations to stablecoin issuers being developed by the U.S. Treasury, Bloomberg reports, citing sources.

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ForkLog 9 13.09.2021

Algorand blockchain to integrate e-Money stablecoins

The e-Money protocol announced an integration with Algorand to support its euro-backed stablecoins within the Algorand blockchain ecosystem.

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ForkLog 18 13.09.2021

US Treasury weighs threats and benefits of stablecoins in talks with banks

US Treasury officials discussed risks and benefits of stablecoins with representatives from the banking community and credit unions, Reuters reports, citing its own sources.

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ForkLog 12 09.09.2021

Opinion: The DeFi sector weathered volatility on September 7

Decentralised finance (DeFi) is increasingly resilient to market volatility. Coinbase developer Elias Simos, using data from Dune Analytics, demonstrated the sector's state in light of the September 7 dump. 7/ DeFi is getting better and better at stomaching aggressive volatility. I put together a dash that displays the metrics above granularly (activity in the last 24h to 48h). …

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ForkLog 23 06.09.2021

FCA warns of tougher regulation of the crypto industry

Regulators should strengthen consumer protection for those investing in cryptocurrencies who do not fully understand the associated risks, but must avoid going to extremes that would backfire, according to FCA head Charles Randell.

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ForkLog 20 03.09.2021

Lagarde rejects comparisons between stablecoins and currencies

All cryptocurrencies and stablecoins, including stablecoins, fall under the definition of speculative assets, and recognizing them as currencies is inappropriate. This view was outlined by Christine Lagarde, president of the European Central Bank (ECB).

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